Europe Silicone Elastomer Market Size & Outlook, 2022-2030
Europe silicone elastomer market, 2019-2030 (US$M)
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Europe silicone elastomer market highlights
- The Europe silicone elastomer market generated a revenue of USD 1,161.4 million in 2022.
- The market is expected to grow at a CAGR of 8.3% from 2023 to 2030.
- In terms of segment, lsr was the largest revenue generating product in 2022.
- RTV is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,161.4 million |
| Market revenue in 2030 | USD 2,190.4 million |
| Growth rate | 8.3% (CAGR from 2022 to 2030) |
| Largest segment | Lsr |
| Fastest growing segment | RTV |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HTV, RTV, LSR |
| Key market players worldwide | China National Bluestar Group, Dow Inc, MicroAlgo Inc, Momentive, Shin-Etsu Chemical Co Ltd, Wacker Chemie AG |
Other key industry trends
- In terms of revenue, Europe region accounted for 20.4% of the global silicone elastomer market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,577.7 million by 2030.
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Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe silicone elastomer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silicone elastomer market will help companies and investors design strategic landscapes.
Lsr was the largest segment with a revenue share of 59.92% in 2022. Horizon Databook has segmented the Europe silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
The Europe silicone elastomers market is primarily driven by the rising demand for lightweight silicones in transportation and construction end uses. Expanding construction sector in various countries including the UK, Germany, Spain, France, and Italy is expected to augment the product demand over the forecast period.
Increased funding from the EU and supportive measures (such as tax breaks, incentives, and subsidies) undertaken by several governments is expected to boost the growth of construction sector in the region.
However, the spread of COVID-19 in countries such as Italy, Spain, Germany, and France has hampered the product demand mainly in building & construction, transportation, and consumer goods applications.
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Our clientele includes a mix of silicone elastomer market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe silicone elastomer market , including forecasts for subscribers. This continent databook contains high-level insights into Europe silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Europe silicone elastomer market size, by country, 2019-2030 (US$M)
Europe Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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